Powell Warns of Extended High Interest Rates in Face of Persistent Inflation Federal Reserve Chair Jerome Powell has moderated expectations for interest rate cuts, citing persistently firm inflation figures in the first quarter that have introduced uncertainty about the Fed’s ability to lower rates without economic deceleration. Powell highlighted a notable shift in the Fed’s stance after inflation readings consistently exceeded forecasts for three consecutive months, undermining earlier hopes for pre-emptive rate reductions. Despite previous optimism that a few more months of data could reaffirm their inflation targets, recent trends suggest a longer-than-anticipated timeframe to gain this confidence. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Weak July Jobs Data Stirs Recession Fears, but Economists Urge Caution READ MORE ZeroHedge: Time to Bet Against Banks READ MORE Cash's Comeback: Investors and Corporates Bet Big Despite Rate Cut Delays READ MORE Unemployment Data Hints at Gradual Economic Shift READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment